Angle Ad Slams Reid's Personal Finances

Sharron Angle has a new television ad that blasts Sen. Harry Reid's personal finances.

Reid's camp called the ad, titled "Harry vs. You," an attempt to distract from more substantive matters. The ad describes Reid as "making $1 million from a sweetheart land deal" and "pushing for loopholes in ethics laws for his own family."

Reid's situation is compared to that of the average Nevadan, "just trying to make ends meet."

Politico reports that the ad's chief allegations date to 2006 news stories. One was an Associated Press investigation that concluded he made a $1.1 million profit on the sale of land he technically no longer owned.

That same year The Los Angeles Times report questioned Reid's actions with regard to a housing development, Coyote Springs, being pushed by a major Reid donor whose lawyer was one of Reid's sons. That appears to be the report referenced by the ad, which cites "Los Angeles Times, 8/20/06," but the article never touches on ethics laws.